Interest rates lower but still high

I am not in favor of putting any kind of a spin on interest rates. Sure they went down a little and we saw an uptick in mortgage applications but the rates make houses less affordable.

People who bought houses when the rates were at rock bottom are not going to be selling anytime soon.

It is especially important right now to buy the right house and not the overpriced house.

 

 

Graph showing interest rates
Interest rates

 

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